Atletico Bilbao president Josu Urrutia has confirmed that Fernando Llorente will not sign a new contract with the club.

The 27-year-old's current contract is set to expire next summer.

Llorente has recently been linked with the likes of Juventus, Arsenal and Manchester United.

"Llorente has told us that he does not want to renew his contract with the club," Urrutia revealed.

"In case Llorente leaves the club, we will not sign another attacker. I can tell all clubs that want to sign one of our players that we are not a selling club. They will have to pay a player's buy-out clause."